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December 6, 2011 07:49 pm GMT

Funding, Grants & Book Deals: Thiel Fellows Are Making The Grade (With More Classes To Follow)

20under20It's no secret that Peter Thiel thinks that the next big bubble facing our economy is not inflating the housing or tech markets, but that of higher education. The former PayPal CEO and early backer of Facebook is well-known for his contrarian views and has more than once publicly criticized higher education for being an overhyped and bloated industry. The entrepreneur-turned-investor has been on a mission to find alternative (and better) ways to motivate, foster, and support young people who want to make a difference.In May, Thiel, along with his Foundation, put their money where their mouth is, announcing the "20 Under 20 Thiel Fellowship", a program that offers talented independent thinkers under the age of 20 $100,000 and two years free of school to pursue their entrepreneurial endeavors. The program launched with 24 Thiel Fellows, each of these wiz kids pursuing their own inspiring scientific and technical projects. (You can meet the class here.)

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